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Archive
- 3/13/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -0.88 points, or -1.66%, and closed at 52.08 on Friday, March 13, 2026. Weekly volume was 78% above average.
 Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 20.99 and reached 57.94 on February 26, 2026. EWI gained -36.95 points, or -176.04%, in 176 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (46.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on December 20, 2024 at 35.20 and reached 57.94 on February 26, 2026. EWI gained -22.74 points, or -64.60%, in 61 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.44 and resistance is at 58.58. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. Use the following link to access a MACD help.
 Short-term trend: [See EWI short-term trend chart]
A short-term downtrend had started on February 26, 2026 at 57.94 and reached 51.60 on March 9, 2026. EWI lost 6.34 points, or 10.94%, in 11 days. The price is now at the 7.57% retracement level.
Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 27, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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